Advan Notable Hits: Burlington Stores, NORDSTROM, American Eagle, Gap & BEST BUY

Notable Hit 1: (BURL:NYSE) On Thursday May 30, 2024 Burlington Stores, Inc. (BURL) posted revenues of $2.36 bn surpassing the analysts estimate by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 6.5% increase YoY in foot traffic to its stores in Q1 2024; the company's revenue increased 10.5% YoY. As a result, the stock closed up 17.6% from previous close. Advan's footfall data has a correlation of 0.97 on a YoY basis with BURL's top-line revenue over the last 14 quarters.

Advan Hits: BURL correlation traffic vs revenue

Notable Hit 2: (JWN:NASDAQ) On Thursday May 30, 2024 Nordstrom, Inc. (JWN) posted revenues of $3.34 bn surpassing the analysts estimate by 4.7% and in the same direction as Advan's forecasted sales. Advan's data showed a 3.5% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 5% YoY. The stock next day was trading up 5.5% from previous close. Advan's footfall data has a correlation of 0.96 on a YoY basis with JWN's top-line revenue over the last 17 quarters.

Advan Hits: JWN correlation traffic vs revenue

Notable Hit 3: (AEO:NYSE) On Wednesday May 29, 2024 American Eagle Outfitters, Inc. (AEO) posted revenues of $1.14 bn slightly missing the analysts estimate and in the same direction as Advan's forecasted sales. Advan's data showed an 3.7% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 5.8% YoY. Advan's footfall data has a correlation of 0.93 on a YoY basis with AEO's top-line revenue over the last 17 quarters.

Advan Hits: AEO correlation traffic vs revenue

Notable Hit 4: (GPS:NYSE) On Wednesday May 30, 2024 The Gap, Inc. (GPS) posted revenues of $3.39 bn surpassing the analysts estimate by 3.35% and in the same direction as Advan's forecasted sales. Advan's data showed an 1.5% increase YoY in foot traffic to its stores (subsidiary included) in Q1 2024; the company's revenue increased 3.5% YoY. As a result, the stock next day was trading up 25% from previous close. Advan's footfall data has a correlation of 0.9 on a YoY basis with gps's top-line revenue over the last 13 quarters.

Advan Hits: GPS correlation traffic vs revenue

Notable Hit 5: (BBY:NASDAQ) On Thursday May 30, 2024 Best Buy Co., Inc. (BBY) posted revenues of $8.85 bn missing the analysts estimate by 1.2% and in the same direction as Advan's forecasted sales. Advan's data showed that foot traffic to its locations was down 1.7% YoY in Q1 2024; the company's revenue was down 6.5% YoY. Advan's footfall data has a correlation of 0.92 on a YoY basis with BBY's top-line revenue over the last 12 quarters.

Advan Hits: BBY correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.